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tells me that senate majority leader harry reid and house minority leader nancy pelosi, both democrats, have signed off on this deal in separate calls with president obama. so president obama has been on the phone here at the white house with the democratic leaders over in capitol hill, and discussed this deal with them, and both of the top democrats in congress have agreed to the terms of this deal so it looked like they have an agreement to proceed and we have something that congress, boat houses of congress can move forward with if biden doesn't get too much resistance tonight and speaker boehner agrees to put it on the floor in the coming days. >> let's bring in a democratic senator, jeff merkley of oregon is joining us. you're getting ready to go into this democratic caucus meeting with the vice president, joe biden. what are you hearing right now? are you on board? >> we haven't heard the detail said, but there's three main things we want to nail down. first is fairness to people who versus those who are best off in society. the second is are we looking down the road to another f
continue to grow and flourish. with warmest regards, nancy pelosi". thank you very much. [applause] >> so mayor lee, senator leno, state assembly member and leaders and ladies and gentlemen. it's a real honor for me to celebrate with you today the start of the italian culture in the united states. nancy pelosi was with our foreign minister in washington dc, but san francisco is the first major city after washington dc that follows suit, that follows washington dc, so again a little like the giants that want to be number one. today is december, 12, 2012 which is 12-12-12. kind of scary. i would like to quote rem. "it's the end of the world as we know it but we're just fine". we are just fine because we're beginning really 12 months that will be exciting and fun for all of us. as you all have mentioned italians have made a lasting contributions in building this city, and in making what it is, the city that is international, innovative and open. it's difficult to name names but let me mention angela rosy and judge misconnie and in city hall and in the hearts and minds of san francisca
obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would af
, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl w
willing to tolerate you. >> and later, dennis miller has thoughts on louis farrakhan and nancy pelosi. everybody hide on this one. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. >> bill: thanks for >> thanks nor staying with us and the bernie segment. bring in bernard goldberg from north carolina. starting with the rumble. >> we're starting with the-- >> the bigger one. >> all right, you're not going to agree with me. reasonable people may disagree, so please, don't go barney frank on me, okay? i think this, this debate is one more piece of evidence that we live in an entertainment culture. the new york times covered this, the l.a. times, wall street journal, "the washington post
a few. we just got word that house minority leader nancy pelosi has walked in but there are just a few people listening to congressman dreier. you are one of them here as we have dipped in a couple of times. bring back our panel to talk about the specifics of this legislation. charles the angst in republican circles was about the lack of spending cuts. what republicans who are look at this as a positive are saying is one a permanent protection against the alternative minimum tax, the amt. the deals that they got in here that they don't think they would have gotten up to the bush tax cuts making the tax rates extending for all income up to $400,000 individually, $450,000 for married couples. are there things in here that republicans can say you know what, this is -- this is a good deal in one sense? >> well, there are thing there's is a really a national consensus on. the doc fix which would automatically kick in a reduction in the amount of payment that a doctor would get for a medicare patient which there was a built in law in the the '90s to cut the spending in medicare. it was a com
clinton, democratic leader nancy pelosi and expensive network of people in saluting ambassador chris stevens who will be remembered for his strong sense of dignity, his humility and his generous service to others. he will be truly missed by all who loved him and by all he served throughout the magnitude of his life's work. thank you for this honor. [applause] >>> members of christopher stevens family, ladies and gentlemen, let me first thank chris stevens' brothers and sisters for their warm and delightful insights into what he was really like. thank you so much. that was fantastic what you did for us. christopher stevens was obviously an extraordinary human being and contributor. every year at stanford we have a group of what we call national security fellows come. they were roughly army, navy, air force, state department. a couple weeks ago we had a meeting and the first person i called on was an army colonel. i said where were you last? he said in libya. i said did you know christopher stevens? he said everybody knew christopher stevens. he was our leader, fluent in arabic, constr
and nancy pelosi and he spoke with them about everything that was going to take place tonight. what else do we know with how he responded to what's happening? >> well, it's interesting. the president chose today to have one of those campaign-style events with ordinary americans in the white house and an auditorium in the white house compound today. the president sort of came out in a jovial, joking matter. he painted a picture of a deal that was all but done, but he got in a lot of jabs, subtle and otherwise, at republicans and really angered folks. john mccain said he didn't know whether he was sad or angered by what the president had said. cooler heads have obviously prevailed here. and we do know that the president had been on the phone working this, even though joe biden was sort of the front man, flying point, if you will. and negotiations with mitch mcconnell. so, sure, the president has been very involved. he, you know, he has led this campaign style effort to try to force republicans' hand. again, many of those folks are a little bit disappointed that that threshold was allowed to r
, the senator from california, the hon. dianne feinstein. >> mr. speaker, nancy pelosi, mrs. bush, harry reid, leader mcconnell, secretary of state hillary clinton and my colleagues in government this is a special day to honor a special person in a special place. for many years i have followed tragedies and victories of this uncommonly courageous and persistent woman. in 1988 she quickly rose to be the voice of democracy in burma creating the lead for democracy, elections followed in 1990 when her party won 80% but that joy turned to tragedy and the the military junta and aung san suu kyi spent 3 decades under house arrest unable to visit her dying husband. in 1996 i recall senator bill cohen approaching with senator mccain to sponsor a burma sanction bill, sanctions were put in place in 1997 and only loosened in july of this year. senator mcconnell became one of aung san suu kyi's chief advocates and we continue to work on behalf of the people of burma. in 2003 following an assassination attempt senator mcconnell and i worked to pass an important man the remains in place today, an effort to
like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hours pegs is extending the losses that we've been seeing in the last hour of trade. maybe we'll get eamon javers to get in front of the camera when we come back. stay tuned. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> congressional leaders have just left the white house about an hour and 20 minutes arr
, the president put a trillion dollar in changes, medicaid, medicare and changes that nancy pelosi and speaker don't want to see. the and white house's defense is look, if the republicans are not going to play ball on revenue and tax increases they're fnot going to put the spending cuts on the table. this started out as a discussion about cutting the debt, cutting the deficit and now what's going to happen is th smallest plans on the table are going to-- are not really going to cut the deficit in the long run and don't have major spending cuts and i noticed at one point when he was asked about the sequester, not just the tax side, but the automatic spending cuts about to kick in. he said if we raise revenue by the wealthy paying more, that would be sufficient to turn off this request or what's called the automatic spending cuts and that's what republicans have been suggesting if he raises more revenue raising taxes on the rich, he's not going to put it towards the deficit, but the president kind of suggested that today. >> and a question from the beginning and it's your segment, go ahead. >> i've
. speaker nancy pelosi helped create the oce as a solution. in just four years they have done more than 100 investigations of lawmakers raising serious questions about possible congressional misdeeds. in 37 of those investigations, the oce referred them on to the actual house ethics committee for further review, meaning that in those 37 cases, the oce found reason to believe that house ethics and sometimes federal laws were likely violated. so why exactly does congress want to kill it? well, actually, that's hard to say. folks like these who have in the past voted to cut the oce budget or limit its powers refused to talk to us. for those who would talk, opinions were mixed. >> i think it's important there be some way for the public, for someone outside of congress to raise issues about the conduct of members of congress. one of the things that -- is it oce, oce has sent to the ethics committee was actually pretty flimsy. >> i supported it the first time, i'll support it again. >> i don't think it's working well. >> is there anything oce has done specifically that might have rubbed the congr
on that legislation. and with that let me turn now to our leader, nancy pelosi. >> thank you very much. last night the senate -- well, i guess it was early this morning, the united states senate voted in an uncharacteristically in a very bipartisan way 89 votes in favor of the compromise legislation. that was historic. that legislation was sent over to the house. up until now our speaker has said when the senate acts we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. so we look forward now as we go forward in this day to see what the timing will be for a straight up or down vote on what passed 89-8 last night in the united states senate. today we had the privilege, as our chairman has said, from hearing from the vice president. he talked about what's in the legislation and what lies ahead and difficult negotiations as we go forward. we had a frank, as you said, mr. chairman, a frank discussion in that regard. our members after thoughtful dlir bracings and review are continuing to review the legislation weighing the pros and co
issues. i spoke with one republican aide that said nancy pelosi would have to add a lot of votes. a bill could come over from the senate and if there is a problem amongst house republicans or enough of them object, john boehner could amend it and send it back to the senate. from the house. that would put it in delay. >> they have all day tomorrow to work it out. one last thing i've been told that some could make the sale to members at 12:01 a.m. that any deal that comes over from the senate would be voting -- not voting for a tax hike, would be voting to cut taxes because then we're over the cliff and everything would expire. so interesting optics. i think it should be really known by folks watching tonight just because something is going to come out of the senate late tonight, early tomorrow morning, there's no guarantee it has a clear way forward. it's without some sort of drama at the very end. >> we thank them for their updates, as well, at 7:10 here on the east coast. the drama continues. we should also make one more quick note about what's going on with hillary clinton because a st
've also learned that president obama personally called harry reid and nancy pelosi to ensure that they are on board with this plan. our chuck todd says it is not likely that we would see a deal on that vote before midnight, just on the logistical standpoint the house remains adjourned until tomorrow. mike, what is the latest you're hearing about a possible vote tonight, maybe not before midnight at this point, but sometime during the night? >> yeah, i don't think it will happen before midnight, just too many procedural hoops to jump through, and they haven't even completed writing the bill. vice president joe biden arrived, met with harry reid briefly, and walked into the second floor and into the caucus room where democrats had gathered. joe biden's mention to pitch this deal, to the caucus, one mention, if they're going to bring it up tonight. we talked about the senate and how slow it moves. it can move very fast, when they have unanimous consent, in other words, where every senator says it is okay to move forward. that will be the trick. there will be a lot of senators wi
extraordinary. occasionally steny hoyer and nancy pelosi broke on a war-funding bill. but for the speaker, one thing we can't miss on that, john boehner doesn't have to vote. he chose to do that, chose to show i'm supporting this, even though we're having this conversation. it's a fascinating dynamic. >> one day we hope you'll get a break, luke russert, thank you very much. >>> after the break, so crisis ave averted, right? most americans won't see their tax rates go up, they will see less in their paychecks. and that's not to mention what this deal will do for the deficit. we'll talk fiscal realities when ezra klein joins us next on "now." [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> the
, nancy pelosi, the meeting is over, and all the major leaders were in the white house. we had the leader of the republican side in the senate, the democratic side in the senate, the republican side in the house, democratic side, geithner was there, tim giteny, treasury secretary, vice president there, and the president. the question is whether they got anything done at all. what we heard was, in fact, the president presented what was announced initially as a new plan, turned out it was not a new plan, but the same old plan to raise taxes only on those mmking above $400,000 a year. shibani: is -- it ended moments ago, all the major whose who were there, and timothy geithner. there's a ceo call at 5:30, hour and five minutes, talking to top ceos about the latest on the fiscal cliff, whatever the developments are included on that call, we know lloyd blankfein will be on the call. david: keep the picture up. you never know what picture you'll get. go to rich edson following this. we mentioned the fact, actually, you alerted us all via e-mail that this proposal was not really a new proposal.
ago, nancy pelosi exiting the meeting with president obama and the republican leaders as well as harry reid and tim geithner e we have bearn boehner who left, nancy pelosi waiting for her suv and she'll take off. she won't speak, she won't come in front of a camera. we're waiting to see if the other lawmakers inside come and let us know what's going on. rich edison is outside the white house right now. >> reporter: house speaker john boehner, and nancy pelosi just left the white house so the meeting has wrapped up. still waiting to see if the senate leaders come out. an official saying the president opened the meeting up by offering essentially what he started negotiations with, so no word if they made progress on anything further to get this resolved. if not, it's bad news considering this is a pposal that republicans say could not have pass the house, probably not pass the senate if you have to go with of say 60 vote threshold. >> the fact both the house leaders left without taking a microphone, is that a bad sign? >> we may have lost his audio. again, we'll let you know nancy pelosi
for anything they don't want to and nancy pelosi better have her team in line if the president wants to see this get through. >> bret: chris stirewalt. thank you. when we come back, how will wall street react as we were just talking about. rich edson with the fox business network joins us. that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur but thanks to hotwire, this year we got to take an extra trip. because they get us ridiculously low prices on really nice hotels and car rentals. so we hit boston in the spring-- even caught a game. and with the money we saved, we took a trip to san francisco. you see, hotwire checks the competitions' rates every day so they can guarantee their low pri
to be leader nancy pelosi because she may have to deliver some democratic votes to get something done. >> reporter: absolutely. pelosi and mcconnell are really going to sort of step into the center stage at this point in time. they are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this is going to
. [cheers and applause] we also want to acknowledge congresswoman nancy pelosi along with her husband. thank you so much for being here. we know how busy you with the election just a few days away so a round of applause for all of our vip and special guests. and now at this time we would also like to thank the city and county of san francisco and our community partners. we must acknowledge them. can't do it without them. bank of america, dignity health, miller coors, diamond foods, virgin america, pg&e, and sales force to help to make this civic celebration possible. we thank you. and of course we must recognize the giants broadcast partner sports bay area that brings sports to our giants fans all season long and made it possible for this to be watched all over northern california. all right. are you ready now? we can really get it started. [cheers and applause] . i said are you ready? [cheers and applause] it is my pleasure now to introduce two members of the best broadcast team in baseball. please welcome dave fleming and john miller. >> now, all along the parade route this
to the capital without a deal. nancy pelosi insists some progress was made. disgorge by reports the would not be a deal todaythe dow closed down. the president did not make any new offers. congress should least extend tax cuts for everyone making $250,000 or less, and extend long-term unemployment benefits. democrats said have enough votes in the house and senate to pass the president also version of a short-term plan, but it is up to republicans in the house to call a vote. >> in the case of the speaker, i don't refuse to hold a vote per one of the key players, chris van halle, ranking democrat and house budget committee says he understands the public frustration -- hollen, ranking democrat and house budget committee, says he understands the public frustration. today the house speaker said he will not call for any votes until the senate has voted. possible new year's eve a vote on monday. mitch mcconnell went to the senate floor and said his hopeful and optimistic. those are two words we have not heard much of in the past couple of weeks. everyone hoping there will be a deal before janu
players and others to a meeting at the whitt house this afternnoo.. nancy pelosi....ssnate majority leader harry reid, and senate minority leader mitch mcconnell. potential deal. "reeubllccns are not about to write a bbank check for anything the senate democrats put forward.""i'm happy to work with thee anyway that i &pcan but the way things havee been going, it's not a good escape hatch that we have." &pobama is expected to comment 45. weell bring you that live... ii jjst ten minutes the cost of living in 2013 could soon go up. a up to 8-dollars. - p crystal haynes explains why the price could soon double. doublee kristen bianculli s a busy mom of two. herrgirls and husband--bianculli ssyss "yep. they drink a lot of mmlk."" ...and wwth the current cost of milk sse's like most moms...she shhps the &psales. bianculli says: "it's you know, it's ggne and you're - likk 'oh the onns that are on sale are gonn!'" but come january fiist the price of her family's precious &ppallon ould almosttdoublee of the currrnt agriculture te - bi
representa ntes, nancy pelosi dijo que la conversacion con el presidente constructiva y que se dieron avances... a llegar a un acuerdo... si el congreso no logra un acuerdo sobre el abismo fiscal antes de fin de ano, los precios de la leche podrian aumentar de manera significativa... segun los entendidos, el aumento podria ser mas de 3-dolares el galon, debido a que el pais volverian a las politicas de hace seis decadas atras... el departamen to de agricultura ha senalado que los precio no subirian de inmediato el proximo ano... la agencia esta explorando todas las opciones para evitar que se produzca un caos en su venta... ...y sospechosos de robo en el area del condado de prince willian causaron tremendo accidente de transito esta manana en la zona del distrito de columbia. ... segun un reporte del periodico washington examiner, la cantidad de pasajeros que viajo en metro durante el mes de octubre fue de 9.5 por ciento, un numero inferior al que la agencia tenia previsto.. en alguna medida esta reduccion se debio a que el servicio se cancelo por precausion por casi dos dias, debido al paso
, senate minority leader nancy pelosi signaled she has basically signed on to this and we wouldn't be having all of this issue wasn't on board with this. she has to bring democrats on board because republicans in a building constructed themselves, house speaker john boehner called it plan b. maintaining rates. back on itself could not pass with only republican support. this is very much an effort on the senate and democrats and republicans and a strong vote in the senate of confidence with republicans and democrats standing up to vote for this thing improves the chances in the house. lou: we have not heard from speaker john boehner's office or eric cantor officially, but fox news has learned a representative from the house, republican has told one of our people on the hill he does not think there are enough votes in the house to pass this, and leadership, republican leadership, mitch mcconnell, even john boehner even though he is not a part of this deal are playing with fire. has there been any official word from anybody other than nancy pelosi? >> we got no official word on this
and what about nancy pelosi's pledge pledge. >> nick from the daily caller, did republicans miss a move here? >> i think they missed a opportunity if you go back to 2010 when they sweep the house and had the president in a position where he could support a permanent extension of the bush tax cuts, and they only went for the the extension for two years. david: why is that? only go for two years as opposed to a major change in the tax code? >> maybe they were hoping that they would win the presidential election in 2012 and then have a upper hand event. but you know, they didn't go for the permanent rates, the bush era tax rates when they had the chance in 2010 and the sequester, the automatic spending cuts getting lost in the conversation are something they pretty much set up with the democrats in 2011. >> well, here specifically, here is about the millionaire cut off figure because of course, now the president says compromise going out to 4,000. here is what pelosi said in may of 2012 to speaker john boehner. democrats believe those earning over a million dollars a year should expire and
. in firming up the final details of this, working directly with those democratic leaders. both nancy pelosi and hairy reid working through details of the sequester, then, of course, vice president biden running point and going up to the hill two days in a row now, last night, as you know a little bit of a rescue mission to make sure some of the senators on the left were not going jump ship. most stayed with the president, then, you saw in the house vice president biden went up there to lobby them that, was a successful effort because in the end it was house democrat who's carried this across the goal line. it was not house republicans. >> okay, wetd, we'll let you sit down. we, speaking of house democrats just got word from nancy pelosi cite prog gres saying this is a win for the middle class, releasing a statement saying its a blood pressure legislation promoting economic growth asking wealthyest americans to pay their fair share, extending unemt employment insurance for those who lost their jobs through no fault of their own, saying quote i'm proud of the unity in-house democratic caucus
. let listen to nancy pelosi right now. >> i believe that we will heed the american people, come together with a strong vote. we will increase by voting for this legislation and passing it in a strong bipartisan way, we'll increase the confidence of consumers, of the markets, of businesses, of employers to hire more. we will extend unemployment insurance to people who have lost their jobs through no fault of their own. this is very, very important. not only to those individuals but to our economy because this is money that is spent immediately injecting demand into the economy creating jobs. we'll extend permanent tax relief for the middle class, for more than 98% of american taxpayers, more than 97% -- >> jessica yellin and dana bash working their sources to stay ahead. dana, when do we expect a vote to take place, within this hour? >> we do now. it's been moved up a little bit according to the republicans who run the show here. they say they do expect it probably within the next half hour to 45 minutes. perhaps it means that members are as tired as everybody else is, that they
are the broad parameters of the deal. and again, president obama tonight calling harry reid, nancy pelosi to make sure that they both signed off on this deal, which they have. so now we have the vice president who is just arriving at the hill. he is going to sit down with the democratic caucus, sell this deal to the caucus, answer their questions, answer their concerns. but, again, the broad outlines of the deal have been agreed upon by all the major players who are involved in this. of course, vice president biden has been playing a critical role in these negotiations, really the entire time. but especially since saturday when leader mcconnell reached out to him and asked him to get more engaged, which he did. and that is really when we saw this ball move forward. and now it appears inching closer by the hour to the end game. so, again, president obama reaching out to key leaders on the hill, making sure that they agree with this deal. and it appears at this hour that they do. and vice president biden now going to sell to it the caucus. milissa? >> all right, kristen welker, stand by for
nancy pelosi called for action. >> we look forward now as we go forward in this day to see what the timing will be for a straight up-or-down vote on what passed 89-8 last night in the united states senate. >> woodruff: house republicans also met and gave no sign they were ready to call a vote on the senate bill. instead majority leader eric cantor said he won't support the measure. and others left open the possibility of changing the bill. and sending it back to the senate. so how will the twists and turns play out? we turn to newshour regular todd zwillich. he's washington correspondent for "the takeaway" on public radio international, and was there for the senate vote until nearly dawn today. todd, you've probably slept at the capital last night. most of the republicans in the senate voted for this bill. what is the problem that the house republicans have with it? >> well, the house is a fundamentally different place than the senate, judy. remember, this is not the first time we've seen this dynamic. back in february there was the debate over that very payroll tax holiday that
americans. this morning, nancy pelosi called on speaker boehnerg├│gm fr a vote. >> our speaker said when the senate acts we'll have a vote in the house that. is what we expect. that is what the american people deserve. >> husband republicans say be add and house republicans are talking tonight about adding spending cuts to the senate version. which would toss the bill back to the senate. >> when faced with a mountain of debt that we're heading for like an airplane did we climb over it? no. what we're going to do is put on nearly another trillion worth of debt. >> the senate version would add $4 trillion over 10 years, mostly was of extend tending cuts to everyone making under $400,000 a year. this afternoon, senate majority leader adjourned senate until noon tomorrow we're hearing house republicans are talking about amendmenting the deal if they have votes to get an amendment if they don't, we're told that they'll put the senate version up for an up, or down vote,. >> we're hearing within the next hour, perhaps about 6:00 we're going get house vote on that senate version. >> well, that w
. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning
. listen, dagen, obviously, we know-- actually we don't know, but it's to nancy pelosi's point we're going find out and i hope we like it. a lot of taxes associated with obamacare. you mentioned the medical device ise, a l of these companies, by the way, medical device comnies have been laying off worrs right now. and that is, if this impacts, by the way, everyone, takes away from research and development, which will take away from life saving innovation and it's just, again, the very tip of the iceberg. ultimately, there's going to be ahole lot of taxes that just opens the gate for. this is just the beginning. >> ben, even if you look at action taken by the mical device makers, there's already damage that's been done by the tax increases built into this health care law, has it got? >> well, the damage is built in, but on the other hand good built into, too. there are people who are very poor who won't be able toet healthnsurance a not very, between medicaid and middle class and we'll be able to get health insurance, or some, overall, obviously, i don't ke the bill. i don't think any sens
they get enough support to try to have an amendment. nancy pelosi was asking for this up or down vote. i would doubt that happens. it is more likely to be on a republican amendment and the house would have to reject that and that would be the statement they want to go back to the senate amendment. >> if that becomes the case, what is the senate's role? >> when harry reid close down the senate to this morning, he essentially sent them home and said when i came over here a few minutes ago, the senate was in session. there are of you a few -- very few senators around. harry reid said he suspected the next actual roll call book would be when the senate comes back at noon on thursday. he did not expect any roll-call vote before then. he thought it the bill comes back from the house, they probably have to pass that by unanimous consent. that is a signal they do not think they can bring their members back to 10. there will be a lot of pressure on the amendment. i imagine they might scramble to see if they can get folks to come back. it depends on what the amendment is or whether they have to re
months major spending cuts scheduled to start on wednesday. house democratic leader nancy pelosi called for a bipartisan agreement to head quickly to a vote. but house speaker john boehner said many republicans are unhappy and want to rework the bill. they're calling for more cuts to social security. that could set up a showdown with the senate and risk turmoil on financial markets. >>> iran's navy conducted a six-day drill near the strait of hormuz in the persian gulf. it's the country's latest show of strength amid sanctions and criticism by the u.s. and europe over its nuclear development. the iranian navy launched missiles called ghader on tuesday successfully destroying its targets at sea. military analysts say the weapon was recently developed to attack foreign warships deployed in the persian gulf. the navy has been holding the drill from the strait of hormuz to the northern part of the indian ocean. the area is the world's vital oil and gas shipping route. iran threatened to close the strait when it conducted a major drill a year ago. a navy spokesperson said the exercise is mea
stakes negotiations, harry reid and mitch mcconnell and john boehner and nancy pelosi are joining president obama and the vice-president. the white house insists the president is not putting new offers on the table but there are reports of a compromise to raise tax rates for them. both sides say thar are disappointed. >> it is totally a lack of courage to deal with these issues. from washington to wall street there is a sense of gloom but the prospects of deal. here in dc a new furlough warning went out to federal workers, deep spending cuts and tax hikes go into effect for every 1 on new year's eve if congress doesn't take action. kyla campbell, ktvu channel 2 news. >> thanks, if the president and congress are not able to avoid the fiscal cliff experts say people here in california will be hit especially hard because prop 30 voted into law in november will mean higher sales taxes and income taxes on the state's top earners. the fiscal cliff would add to that, hitting all americans with higher taxes. >> i don't know there is a word to describe how pissed the public is going to be,
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